Ohio Welcomes Japanese Investment 2021 Justin Kocher, Director of International Business Development Honda’s Marysville Auto Plant, the first U.S. auto plant by a Japanese automaker in America, began operating in Ohio in 1982. Today, it’s Honda’s largest vehicle production facility in the U.S., having produced nearly 14 million vehicles. This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 1 Ohayō Gozaimasu ! This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) JobsOhio is a private non-profit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion efforts. MISSION VISION VALUES Drive job creation and Consistently lead the nation Act With Integrity new capital investment in private sector job growth. — in Ohio through business Become top economic Value People attraction, retention and development organization — expansion efforts. in the US. Make a Difference This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 3 JobsOhio Support The outcome of the rationalization process is reflected in the services and support JobsOhio provides today: o Site selection services o Business development incentives o Workforce recruitment and training support o Streamline permitting process o Introduction to service providers JobsOhio provides comprehensive support o Long-term partnership for business success to companies looking to invest in Ohio. This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 4 At JobsOhio we are focused on making Ohio more competitive by responding to the current and expected demands of businesses. New programs have been established that compliment the state offered programs. JobsOhio Programs State of Ohio Programs o Economic Development Grant o Job Creation Tax Credit o Growth Fund Loan o Data Center Tax Abatement o Research & Development Center Grant o Loan & Bond Funds o Revitalization Program o Roadwork Development (629) Funds o Workforce Grant Ohio may offer performance-based incentives to assist companies that are locating or expanding operations in Ohio. Funding decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location. This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 5 One Firm, One State One of the most important decisions made when creating JobsOhio was to build out capacity across the state. JobsOhio partners with six regional economic development organizations around the state to deliver economic development services. This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 6 x 50 Countries with International Investment in Ohio Everyday, foreign companies are making products that change the world in Ohio, U.S.A. More than 270,000 workers employed in Ohio by foreign companies. This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 7 International Investment in Ohio (% of Employment) • Japan is Ohio’s largest inbound 22.6% 27.2% international investor Japan by jobs. Over 73,000 Ohioans are France employed by 860 FDI Germany Japanese companies. Percent Switzerland 8.8% Employment • Since 2013, Ohio has by Country United Kingdom won 100+ successful projects with 7.1% Ireland 4.4% Japanese-owned Canada companies. 12.2% Other 14.1% 3.7% This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 8 x Top Japanese Employers in Ohio Parent Japanese Company Largest U.S. Subsidiary Name Toledo Honda Motor Co., Ltd. Honda of America Mfg. Inc. Bridgestone Corporation Bridgestone Retail Operations, LLC Cleveland Fujitec Co., Ltd. Fujitec America Inc. Showa Corporation American Showa, Inc. Sanwa Shutter Corporation Wayne-Dalton Corp. Sankei Giken Co., Ltd. Newman Technology, Inc. Sanoh Industrial Co., Ltd. Sanoh America Inc. TS Tech Co., Ltd. TS Trim Industries Inc. Ricoh Company, Ltd. Ikon Office Solutions, Inc. Nissin Kogyo Co., Ltd. Nissin Brake Ohio, Inc. Hitachi, Ltd. AAP St. Mary’s Corp. Tokai Rubber Industries, Ltd. DTR Industries, Inc. F-Tech Inc. F&P American Mfg. Inc. Columbus Nippon Sheet Glass Company, Limited Pilkington North America, Inc. Dayton DIC Corporation Sun Chemical Corporation Asahi Glass Company, Ltd. ACG Automotive Americas Moriroku Holdings Co. Greenville Technology Inc. Aisin Seiki Co., Ltd. Advics Manufacturing Ohio, Inc. Nihon Plast Co., Ltd. Neaton Auto Parts Manufacturing Inc. Cincinnati Sumitomo Corporation NTB Mitsubishi Corporation Mitsubishi Electric Automotive America, Inc. Nidec Group Minster Machine Co. Japanese Establishments Tokai Kogyo Co., Ltd. Green Tokai Co. *Locations Generalized This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 9 Employs 16,200 Hitachi Healthcare Employs 2,700 Select Ohioans, U.S. America Regional Ohioans; Japanese HQ in Marysville HQ in Twinsburg 2013 expansion Corporate Investment Rakuten, the leading $81M, 100 job $81M, 150 job in Ohio internet services company, expansion for Center of Excellence acquired Overdrive for new major supply for automotive supply $410M in 2015 contract in 2015 in 2014 $27M, 150 job Marysville $8M, 50 job automotive supply consolidation of plastic products manufacturing plant automotive manufacturing in 2014 electronic systems facility in 2014 facilities in 2014 This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 10 x Case Study Ohio’s largest manufacturing employer o 16,200 associates across manufacturing, R&D, administration o Honda’s 2nd largest R&D Center in the world is in Raymond, OH o Partnered with the city of Marysville to test V2X smart mobility technology in a real-world environment This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 11 Why Ohio: Business Climate This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 12 Economic Stability to Help Grow Your Business Total Population 11.7M th Largest Economy 7 in U.S. Gross State Product (GSP) $676B st Largest Economy 21 Globally Private Sector Labor Force 4.97M Budget +$2.7B Reserve Fortune 1000 Companies 54 This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 13 x 54 Fortune 1000 Companies Call Ohio Home Industry # of Companies o Ohio is home to 24 Fortune 500 headquarters Manufacturing 26 and 54 fortune 1000 headquarters. Finance and Insurance 9 o Ohio ranks #5 in the US among the states Retail Trade 9 with Fortune 500 and 1000 HQs. Wholesale Trade 4 Utilities 2 Information 1 Mining, Quarrying, and Oil and Gas Extraction 1 Real Estate and Rental and Leasing 1 Accommodation and Food Services 1 Grand Total 54 Source:Unionstats.com This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 14 x Ohio Tax Advantages Pro-business State Tax Climate Single, Low Rate Business Tax o NO Corporate Profits or Income Tax o Only one state business tax – The Commercial Activity Tax (0.26%) o NO Tangible Personal Property Tax o NO Inventory Tax o No tax on first $1 million in taxable gross receipts o NO tax on products sold outside of Ohio o No tax on products sold to customers o NO tax on machinery and equipment outside of Ohio investments o NO tax on R&D Investments Lowest Tax Rate on New Manufacturing in the Region1 Source: (1) EY, KPMG This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 15 Ohio: Strong Logistics Infrastructure Seattle Port of Toledo Port of Sandusky Port of Lorain Port of Cleveland Toronto, Canada 75 Boston Central location within a day’s drive of more than 60 percent of the U.S. Detroit 90 New York City 80 and Canadian populations. 90 Chicago 70 Washington DC 70 77 Norfolk St. Louis 75 70 65 Charlotte Los Angeles Charleston Atlanta 4th-largest interstate 13 intermodals 9 commercial ports on Lake Erie 7 commercial Largest presence of highway system. connected by the and multiple terminals along the airports and 97 foreign trade zones in Within 1,000 km or nation’s 4th-largest Ohio River.
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